Yahoo selling e-mail service Zimbra to VMware
(AP) — Yahoo is selling the e-mail service Zimbra to VMware as part of an effort to focus on the Internet services that generate most of its revenue.
Financial terms of the deal announced Tuesday weren't disclosed.
Yahoo, based in Sunnyvale, Calif., bought Zimbra for $350 million in September 2007.
Zimbra manages more than 55 million e-mail boxes for businesses, universities and Internet service providers.
The acquisition opens a new product line for VMware, which sells software that enables a single computer to function like multiple machines.
Yahoo is retaining the right to draw upon Zimbra's technology to run its own Web-based e-mail service.
The sale is expected to close by the end of March.
Sarra Sounds Off, Season 3, Ep 4: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Nassau Conference II football matchup between Calhoun at Carey, plus the comeback story of New Hyde Park's Gabriel Peter, an update on the high school fantasy football standings and the plays of the week.
Sarra Sounds Off, Season 3, Ep 4: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Nassau Conference II football matchup between Calhoun at Carey, plus the comeback story of New Hyde Park's Gabriel Peter, an update on the high school fantasy football standings and the plays of the week.
